Today New Regency Pictures and the Henson Company announced that actor and filmmaker Joseph Gordon-Levitt will be starring in and producing the live-action reboot of their classic 1980s children's show "Fraggle Rock".

The full-feature adaptation has been in development for nearly a decade, but now that Gordon-Levitt is officially on board, it seems that the movie will finally be pushing forward into the pre-production stage.

CUE THE CELEBRATORY GIF!

In an official statement released today, Gordon-Levitt commented:

"The first screen personas I ever loved were Henson creations, first on Sesame Street and then on Fraggle Rock. Jim Henson's characters make you laugh and sing, but they're also layered, surprising, and wise. From Oscar the Grouch, to Yoda, to the Fraggles.

I've never stopped loving his work, even as a young frisky man, and on into adulthood. Collaborating with Lisa Henson makes me confident we can do something that Jim would have loved. I'm grateful and excited to be working with New Regency on this project."

How do you guys feel about this project? Does "Fraggle Rock" deserve a reboot, or is the reboot trend getting a little ridiculous?